Business

Reliable sources close to Nairametrics indicate tier one lender Zenith Bank could earn close to N100 billion or more as gains from derivatives and treasury bills trading in the 2018 financial year. The bank has consistently made trading gains in the last few years rising from N20 billion in 2016 …

The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 …

Africa’s global bank, United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country. Google Station, a platform for providing free, high-speed Wi-Fi hotspots …

By: Ezra Adeniyi The story of corporate revolutions in Nigeria will not be complete without direct reference to Keystone Bank Limited and its Group Managing Director/CEO, Dr. Obeahon Ohiwerei. This is a man who has used his Midas touch to turn things around for the financial institution within a significantly …

First Bank of Nigeria Limited, last Thursday signed a partnership with the Azuri Technologies to provide solar energy solution for the low-income areas. The Deputy Managing Director of the Bank, Mr. Gbenga Shobo, said in Lagos that the partnership was aimed at proffering solutions to one of the major challenges …

The Federal Inland Revenue Service has appointed Sterling Bank Plc as a collecting agent to recover taxes from 2,933 defaulting companies. This was disclosed in a letter signed by the Chairman, FIRS, Mr Tunde Fowler, and addressed to the Managing Director/Chief Executive Officer, Sterling Bank, Abubakar Suleiman. The letter, which …

Marilyn Amobi, the managing director of the Nigeria Bulk Electricity Trading (NBET) Plc, fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by Leaks NG have shown. The documents also revealed that Mrs. Amobi, who was made the substantive boss of NBET in July 2016, was also …

The maiden Judges’ Workshop on Secured Transaction in Movable Asset Act (STMA) and National Collateral Registry (NCR) opens in Abuja on Monday, February 11, 2019, at the National Judicial Institute (NJI). The two-day workshop organized by the Central Bank of Nigeria (CBN), in collaboration with the NJI aims to acquaint …

  United Bank for Africa (UBA) Plc has commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa. The launch of UBA Mali  brings to 20 the number of African countries where the group currently operates, with global operations in the …

Just weeks left before the biggest merger Nigeria has ever witnessed finally takes effect, the management of Diamond Bank Plc has assured its customers that the move will serve to their advantage.   A statement by the company, yesterday, disclosed that the need to guarantee customers’ satisfaction is one of the factors …